Governance Roadshow Presentation

Governance Roadshow
November 2022
Second line can be in orange
Barbara Chapman CNZM – Chairman
Tim Miles– Director

2.
Disclaimer
This presentation has been prepared by Genesis Energy Limited (‘Genesis
Energy’) for information purposes only.This disclaimer applies to this
document and the verbal or written comments of any person presenting it.
The information in this presentation is of a general nature and does not
purport to be complete nor does it contain all the information required for an
investor to evaluate an investment.This presentation should be read in
conjunction with Genesis Energy’s Annual Report for FY22 and
accompanying market releases.
This presentation may contain projections or forward-looking statements.
Forward-looking statements may include statements regarding Genesis
Energy’s intent, belief or current expectations in connection with Genesis
Energy’s future operating or financial performance, or market
conditions.Such forward-looking statements are based on current
expectations and involve risks, uncertainties, assumptions, contingencies
and other factors, many of which are outside Genesis Energy’s
control.Although management may indicate and believe that the
assumptions underlying any projections and forward-looking statements are
reasonable, any of the assumptions could prove inaccurate or incorrect and
there can be no assurance that the results contemplated in those
projections and forward-looking statements will be realised.Actual results
may differ materially from those projected.Genesis Energy gives no
warranty or representation as to its future financial performance or any
future matter.
EBITDAF, underlying earnings and free cash flow are non-GAAP measures.
These non-GAAP measures should not be considered in isolation from, or
construed as a substitute for, other financial measures determined in
accordance with GAAP or NZ IFRS.
While all reasonable care has been taken in compiling this presentation, to
the maximum extent permitted by law, Genesis Energy accepts no
responsibility for any errors or omissions, and no representation is made as
to the accuracy, completeness or reliability of the information, in this
presentation.The information in this presentation does not constitute
financial product, legal, financial, investment, tax or any other advice or a
recommendation and nothing in this presentation should be construed as
an invitation for any subscription for, or purchase of, securities in Genesis
Energy.
All references to $ are to New Zealand dollars, unless otherwise stated.
Except as required by law, or the rules of any relevant securities exchange
or listing authority, Genesis Energy is not under any obligation to update
this presentation at any time after its release, whether as a result of new
information, future events or otherwise.

3.
HinerangiRaumati-Tu’ua
Director
BMS, MMS, FCA, MNZM
Genesis Energy Board of Directors
Tim Miles
Director
BA
Chairman of Human
Resources and
Remuneration Committee
Catherine Drayton
Director
BCom, LLB, FCA
Chairman of Audit and Risk Committee
Warwick Hunt MNZM
Director
Paul Zealand
Director
BSc Mech. Eng(Hons),
MBA
James Moulder
Director
BA, BCA
Barbara Chapman CNZM
Chairman
BCom, CMInstD
BAcc(Hons), FCA, FKCL
•Genesis Energy has a diverse Board, purposefully recruited to provide a
broad range of experience and capabilities.
•Barbara Chapman joined the Board in May 2018 and assumed the role of
Chairman in October 2018. Barbara served as Chief Executive and
Managing Director of ASB Bank for seven years and has extensive
governance experience.
•Tim Miles joined the Board in November 2016 and is Chairman of the
Human Resources and Remuneration Committee. He has previously
served as Chief Executive of Vodafone UK, Vodafone Group Chief
Technology Officer and in other senior leadership roles in the technology
sector.
•Two new Directors have been appointed in the past year:
•HinerangiRaumati-Tu’ua(Waikato, NgaatiMutunga), appointed
in March 2022. She is currently Chair of TanuiGroup Holdings,
having previously served as Chief Financial Officer. She has
governance experience across infrastructure, fisheries and several
iwi commercial entities.
•Warwick Hunt, appointed in September 2022. He has previously
served as Managing Partner of PwC United Kingdom and Europe,
Middle East and Africa. He has experience across energy,
professional services, financial services and agribusiness.

4.
Board Skills Matrix
Matrix as at 30 June 2022

5.
Malcolm Johns
Chief Executive
March 2023
Incoming Chief Executive Malcolm Johns
Malcolm Johns
Incoming Chief Executive
BMS
•Malcolm Johns will commence as Chief Executive on 13 March
2023. He brings experience in leading large organisations,
sustainability leadership and delivering value for shareholders.
•He has served as Chief Executive of Christchurch Airport since
2014 and was previously Chief Executive of Intercity Group.
•He is a founding signatory and member of the Climate Leaders
Coalition Steering Group, and Chair of the APEC Business
Advisory Council Climate Leadership for Businesses Task
Force.
•Johns is a graduate of the University of Waikato and
Northwestern University. He has completed executive
leadership programmes at the University of Cambridge and
The Wharton School.

6.
A RefreshedLeadershipTeamtoNavigatetheTransition
JamesSpence
Chief Financial Officer
BSc, CA
Experience as Chief Financial
Officer at three integrated
energy companies in Australia
and North America.
TraceyHickman
Chief Customer Officer
MA (Hons), AMP (Harvard)
Over 28 years energy sector
experience, including ten years in
executive roles in generation, trading,
fuels and retail. Currently interim Chief
Executive and Chief People Officer.
Rebecca Larking
Chief Operations Officer
MSc, Dip Business Admin
18 years energy sector experience
across environmental, generation,
business sales and retail operations.
Pauline Martin
Chief Trading Officer
B.E (Electrical & Electronic)
Over 15 years experience in
wholesale markets,
transmission, generation
development and retail markets.
PeterKennedy
Chief Digital Officer
BFor.Sc(Hons), ACMA
Over 15 years of digital,
marketing and customer
experience in the United
Kingdom and New Zealand.
MatthewOsborne
Chief Corporate
Affairs Officer
BCom, LLB
Corporate counsel/executive
with over 20 years experience
across legal, regulatory,
sustainability, communications
and governance.
Malcolm Johns
Chief Executive
BMS
Joins as Chief Executive in
March 2023.
Chief People
Officer
Vacant
Tracey Hickman in acting
capacity.

7.
Executive remuneration linked to Strategy, Performance
and Sustainability
Genesis' remuneration policy is underpinned by
three key objectives:
•Create a sense of longer‐term commitmentin
the relationship between the Company, key
employees, and shareholders.
•Be easy to understand, communicate, and
transparent for all stakeholders.
•Reward, retain and motivate high performers.
In FY23 the Company introduced a sustainability
metric into the Executive Long Term Incentive
(LTI) scheme. This will vest depending on
achievement of the Science Based Target and
represents 20% of the LTI.

8.
Board Structure and Policies are aligned with Best Practice
• All policies and charters are
formallyreviewed by the Board
within the third year after the last
review, to ensure they remain 'fit-
for-purpose’.
• A number of policies and
charters have been reviewed in
the last year.Policies are
benchmarkedagainst third party
companies as part of the review
process.
• Committee performance
is reviewed against
responsibilities in charters.

9.
Directors’ Fees
•Genesis places significant value and
importance onattractingand retaining
Directors of the right calibre and skill set
that companies of our complexity
require.
•Directors’ fees were last approved by
shareholders at the Company’s 2021
Annual Shareholder Meeting.
Approved Directors’ fees – from 1 November 2021

10.
Empowering
New Zealand’s
sustainable
future
Genesis’ Purpose is to Empower New Zealand’s
Sustainable Future
10.

11.
360
369
356
355
440
500
FY18FY19FY20FY21FY22FY23
$ m
EBITDAF
415
1
1.FY21 EBITDAF includes impact of arbitration and use of carbon Fixed Priced Offer.
FY18FY19FY20FY21FY22
Total Shareholder Return (GNE)
•Genesis has a strong record in delivering for shareholders with an
annualised TSR of 10.3% over the past six years.
•FY23 EBITDAF guidance was recently increased to around $500
million.
•The Company has provided stable and growing dividends,
increasing every year since share market listing.
16.9
17.05
17.2
17.4
17.6
FY18FY19FY20FY21FY22
Cents per share
Dividends
E
FY 23
(Guidance)
A Track Record of Delivering Shareholder Value

Supporting our Customers
30
35
40
45
50
55
60
10%
15%
20%
25%
30%
FY19FY20FY21FY22
Net Promoter Score
Churn (%)
Churn Decline and iNPS Growth
Net Churn (3 month rolling average)Interaction NPS
Declining Customer Churn
12.8%
Net churn, down from 15.9% in FY21
Net Promoter Score
Increase of 4 pts on FY21
51 pts
By our customers and the Company
to people in need
130,000
Hours of Free Power
Donated
•The Company has seen continued growth in customer satisfaction and
loyalty. In FY22, interaction Net Promoter Score (iNPS) increased to
record levels, while net churn declined to 12.8%.
•Power Shout Gifting was launched in FY22 enabling customers to gift
free power to Kiwis in financial hardship. Over 62,000 hours were
donated by Genesis customers. The Company contributed an
additional 68,000 hours.
•Our Manaaki Kenihiprogramme continues to support vulnerable
customers. Since launch, residential disconnections for non-payment
have decreased by 50%.
12.

13.
Displacing thermal generation through Future-Gen
Future-Gen Portfolio Pipeline
Future-Gen Projects
Ann. GWhMW CapacityStart Date
Waipipi450 GWh133MWNovember 2020
Solar-genUp to
740 GWh
Up to
500MW
First generation FY25,
full volume by FY27
Kaiwaikawe230 GWh72MWApril 2024
Tauhara520 GWh63MWJanuary 2025
Power Purchase Agreements (PPA)
•Inflationary pressures have increased costs of renewable
development.
•Due to delays and increasing costs, Mercury have advised
that Kaiwaikawefinancial close is at risk.
Solar Development
•Genesis continues to progress solar development in
partnership with FRV. Since signing the joint venture in
February, four potential sites have been identified and are
undergoing appraisal.
Biofuels
•Genesis is continuing to progress a trial of biofuels as a
potential replacement for coal at the Huntly Power Station.
After logistical delays, workstreams are progressing in
preparation for a test burn in FY23.
•Genesis is engaging with industry, government and other
stakeholders about the future of biofuels in New Zealand.
0
500
1,000
1,500
2,000
2,500
3,000
FY22FY23FY24FY25FY26FY27FY28FY29
MWh
WaipipiKaiwaikaweTauhara
Solar GenOtherPrev Forecast

Assessment of Strategic Risks
—Board considers risks across a likelihood and consequences framework
Consequence
– impact on
Genesis should the risk manifest
Likelihood of risk manifesting in athreeto fiveyeartimeframe
High
Risk
High
Risk
Low
Risk
Extreme
Risk
Moderate
Risk
•Directors consider strategic risks by
reference to a framework based on the
likelihood of occurance and severity of
the consequences.
•Key risks that the Board consider
include, but are not limited to:
•Global energy prices and the impact
on Genesis and New Zealand.
•Regulatory risks impacting the retail
or wholesale segments.
•Investors, customers and
stakeholder's views on sustainability
and carbon emissions.
•Impact of a higher interest rate
environment.
14.

15.
Sustainability is at the Core of Genesis’ Strategy
A low carbon
future for all
A more equal
society
A sustainable
business
•21 apprentices/interns/work experiences through Ngā
AraCreatingPathwaysprogrammeto engage
rangatahiMāori in STEM education, study and career
pathways.
•Gender balanced Executive team and declining gender
equity gap.
•44% reduction in Scope 1 and 2 emissions since
FY21.
•29% of C&I customers purchasing energy services,
including decarbonisation roadmaps.
•Trialling of Energy as a Service programmes to
support industrial decarbonisation.
•Whiobreeding pairs grew from 298 in 2011 to 694 in
2022, showing thriving eco-systems around our
assets.
•Launch of sustainable finance framework, with $660m
across sustainability linked loans and green bonds.

Target Year
1
:
Reduce direct emissions
Scope 1 & 2
Reduce indirect emissions
Scope 3
%
%
1.Target is based on our FY20 as the base year.
2.Combined scope 1, 2 & 3
Reduce emissions
2
by at least
1.2 million tonnes
Reduction for 1.5°CGenesis ambitionRemaining emissions
Emissions Reductions Target
—A Science Based Target consistent with limiting global warming to 1.5°C
16.

Further questions please contact:
Tim McSweeney – Investor Relations Manager
timothy.mcsweeney@genesisenergy.co.nz
M: 027 200 5548